Finally, real progress is being made on unemployment, with the rate last month dropping to 8.6 percent, the lowest since March 2009, when everything was collapsing economically, due to the Bush administration disaster financially, just as Barack Obama took over the Presidency!
There is a long way to go, and no one is saying a miracle will occur in the next eleven months, but what can be detrimental would be for Congress to refuse to keep the payroll tax cut, which put $1000 into the pockets of the average taxpayer, and a continuation of the unemployment compensation benefit to the long term unemployed, who are rapidly become homeless, as well as jobless, in the worst economy in 75 years!
But those two actions required before the end of the year seem to be moving toward failure, due to obstructionism by the Republicans in Congress, who seem ready to see taxes go UP for the middle and working classes, while refusing to raise one cent in the taxes on the top two percent! And the long term unemployed are being depicted as lazy and shiftless, a total disgrace to depict them as such!
So the Republicans could be working toward trying to undermine the economic recovery, because after all, Republican Senate leader Mitch McConnell of Kentucky made it clear that the major goal of the GOP was the defeat of a second term for President Barack Obama.
The American people, and particularly those in economic distress, are being abandoned, being thrown into the sea without a life preserver, with any conscience by the Republican Party, which only concerns itself with the wealthy and the corporations and unbridled capitalism!
The bright spot in all this is the belief that the Republican stand will harm them in the Congressional Elections Of 2012! But meanwhile, there will be millions of victims, as a result!